With reference to your email/ query raised dated 6th June, 2025 regarding non submission of standalone results-declaration of statement of Impact of Audit Qualifications not submitted in ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Miven Machine Tools Ltd submitted revised audited results for FY25 after BSE flagged missing audit qualification declaration. Total revenue collapsed to Rs. 11.55 lakhs from Rs. 157.60 lakhs in FY24, a drop of about 93%. The company reported a net loss of Rs. 61.31 lakhs (worsening from Rs. 27.87 lakhs loss in FY24), with an EPS of Rs. (2.04). The auditor issued a Qualified Opinion because the company did not provide for interest on an inter-corporate loan of Rs. 2.45 crore from Miven Mayfran Conveyors Pvt Ltd. The auditor also flagged a Material Uncertainty on Going Concern, noting total outside liabilities of Rs. 565.59 lakhs against total assets of just Rs. 13.38 lakhs, fully eroding net worth (negative Rs. 551.75 lakhs). The company has no plant & machinery and no inventory. Operating cash flow was negative at Rs. (73.53) lakhs.
This is a deeply negative filing for shareholders. The company's net worth is completely wiped out, it is barely generating any revenue, and the auditor has formally questioned whether the business can continue. Investors should treat this as a high-risk situation with possible delisting or restructuring implications. The stock is likely to face continued selling pressure.